ExxonMobil has joined forces with a US university to work on solar energy and battery technology projects.
The oil and gas firm and Princeton University will look into how new photovoltaic materials, particularly those polymeric in nature, can be applied in forms of coatings and building materials.
Their second project will focus on battery technologies and will use diagnostic tools to study degradation pathways of electric vehicle batteries and how they might impact follow-on use in applications on the power grid.
The two organisations will also research plasma physics, Arctic sea-ice modeling and the impact of Carbon Dioxide absorption on the world’s oceans.
The news follows ExxonMobil’s announcement to invest $5 million (£3.75m) in the university’s energy programme in five years.
Eric Herbolzheimer, Senior Scientific Advisor and Section Head of Engineering Physics at ExxonMobil Research and Engineering Company said: “Each of the five selected projects is a potential game-changer in terms of new energy development and better understanding of our natural environment.”